An Impending Financial Disaster?

By on January 5, 2013
image of man looking over dollar bill

By Carol L. Doyel

You may or may not believe that we’re in for a financial disaster if we don’t figure out how to fix our debt problem and resolve the funding issues with Social Security as well as the many other Federal programs that we enjoy as Americans. Whether you do or not, or sense a wave of change coming, it’s wise to consider how you might respond to a serious financial crises should we face one in the United States like we’ve seen in so many other countries around the world.

I’m not a “doom and gloomer” who focuses on negative aspects of life, politics, and finances, but I recently had a friend send me a link to the article below that was published in 2011 that offers good advice for difficult times as well sound financial practices that can be applied any time.

You may find the title of the article a bit far fetched, but again, better to error on the side of caution then to be caught off-guard and find yourself in dire straits.  Many people have been caught off-guard in disastrous situations that have left them devastated. A serious financial crises can have the same affect as a natural disaster, changing the quality of life, wiping out assets, and leaving a wake of devastation for years to come.

10 Ways To Survive The Coming Economic Tsunami!!!!  By Kirk Elliott, Ph.D. 

  1. Pray for Wisdom | James 1:5 says, “If any of you lacks wisdom, you should ask God, who gives generously to all without finding fault, and it will be given to you.” We need wisdom more than anything to make the right decisions in protecting our families, freedoms, and finances during these turbulent times.
  2. Give Extravagantly | Malachi 3:10-11 says, “‘Bring the whole tithe into the storehouse, that there may be food in my house. Test me in this,’ says the LORD Almighty, ‘and see if I will not throw open the floodgates of heaven and pour out so much blessing that there will not be room enough to store it. I will prevent pests from devouring your crops, and the vines in your fields will not drop their fruit before it is ripe,’ says the LORD Almighty.” God’s Word doesn’t return void, and when you give with a joyful heart and learn to give out of your need rather than out of your abundance, God will supernaturally intervene in your life and pour out so many blessings that you will not be able to contain them. And the second half of the promise mentioned here is that He WILL make you more productive.
  3. Read and meditate on God’s Word | Joshua 1:8-9 says, “Keep this Book of the Law always on your lips; meditate on it day and night, so that you may be careful to do everything written in it. Then you will be prosperous and successful. Have I not commanded you? Be strong and courageous. Do not be afraid; do not be discouraged, for the LORD your God will be with you wherever you go.” Yet another promise from God, whose Word does not return void! This is a conditional phrase. When you meditate on God’s Word and are careful to do what it says, THEN you will be prosperous and successful. The Bible is our blueprint for a successful life.
  4. Get out of Debt | Interest rates are at the lowest point in the history of our nation. This means they can’t go too much lower; they will rise and rise rapidly as the U.S. Dollar continues to deteriorate. If you carry any variable debt, you will find it increasingly more difficult to service your debt payments as those payments rise.
  5. Grow your roots in a local church | How could this help you navigate through this harsh economy? Well, when your roots grow deep, you will be able to withstand the storms of life as they arrive. Remember, storms ALWAYS happen and sometimes Jesus calmed the storm, sometimes he was the peace in the midst of the storm. Regardless, the end result was PEACE. Having a support group of like-minded, God-fearing friends and family of the local church will make the storms of life easier to navigate.
  6. Be politically active | Make your voice heard! We still live in a country where our voices can be heard and we can make a difference. We need to hold our elected officials’ feet to the fire and encourage them to make wise decisions. After all, it is their policies of excessive taxation, excessive spending, and a continuous elimination of God from the policies and principles of our nation that have produced the mess we are in. Make a difference while you still can!
  7. Become self-sufficient | In reading accounts of other countries throughout history that have gone through hyperinflations, the people that have survived the best are the ones who were able to produce their own food, had supplies of fresh water, and had acquired barter type items prior to the economic tsunami hitting them. It is sad that we are about at the point where we look at long-term food storage as part of a solid investment portfolio, but our goal is to protect, preserve, survive, and thrive, and these types of items should be sought after.
  8. Diligently study the fundamentals of the markets | Knowing what fundamentally causes markets to move is ESSENTIAL to safeguarding your assets from erosion due to bad public policy. For example: The value of bonds will come down when interest rates rise. Financial metals like gold/silver do very well during times of political and geo-political turbulence, economic uncertainty, chaos, and change. Industrial and agricultural commodities tend to do very well during times of inflation. The stock market will ultimately come crashing down as revenues continue to decline and taxes rise.
  9. Reallocate your assets | You need to analyze your current investment mix and get out of the downward trending asset classes (stock market and allocate into positive trending asset classes like gold/silver). Precious metals in this economy will act as a hedge against your paper assets as they are in the midst of a HUGE bull market. Gold has increased over 400% since 2002, and silver has increased over 700% during the same time period. A proper allocation of metals and cash in your portfolio will help to insulate you against some of the turbulent market activity that will wipe out a lifetime of savings in a short period of time.
  10. Contact a financial advisor who understands the times we are living in | 1 Chronicles 12:32 says that the sons of Issachar understood the times and knew what to do. We need to be modern-day sons and daughters of Issachar and understand the times we are living in and know what to do about it. Also, make sure your investment advisor is the same. Many well-meaning people just don’t grasp the seriousness of the economic downturn in which we are living, nor do they grasp the magnitude and scope of the implications of not allocating wisely. Our window of opportunity to protect us, our families, and future generations will not be open forever. In fact, it may not be open for very long at all. ACT NOW to preserve and protect everything you have worked your entire life to accumulate.

Originally posted on:

Carol Doyel is Editor-in-Chief and Founder of She is a graduate of The Full Gospel Bible Institute and has a passion for women’s ministries, issues and lives. She and her husband of 25 years have three grown kids and two grandchildren.  They spilt their time between Sisters Oregon and wherever her husband’s work may take them, which currently is southern CA. Her desire is to inspire other women to live better physically, emotionally, financially, and spiritually.


Carol Doyel

About Carol Doyel

Carol Doyel is Editor-in-Chief and Founder of She is a graduate of The Full Gospel Bible Institute and has a passion for women’s ministries, issues and lives. She and her husband of nearly 30 years have three grown kids and four grandchildren. They currently reside in southern California. Her desire is to inspire women to live better physically, emotionally, financially, and spiritually.

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An Impending Financial Disaster?